Master trust CEO speaks of the successes and challenges of a decade of auto-enrolment
TPP warned members could lose out on £27,000 in a move to a universal structure
A 1.2 point increase average was recorded across pension providers
The provider said members on its charging structure could receive £34.5m in five years
Richard Butcher is set to spend another year as Pensions and Lifetime Savings Association (PLSA) chair as the trade body proposes his term is extended to autumn 2021.
B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.
B&CE has launched a redundancy consultation with staff as part of a plan to reduce costs and become more efficient.
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
B&CE turned 75 in October last year. Jonathan Stapleton speaks to Patrick Heath-Lay about how the not-for-profit provider has evolved since it was founded in 1942.